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Traditional Savings Account

Save today, plan for tomorrow.

Whether you want to save for a certain goal or be ready for unplanned expenses, we have a variety of saving options to meet your needs. Our regular Savings Account1 is required for membership and makes you eligible for all of the great products, services and programs we offer. There are no monthly service charges and you’ll earn dividends on balances of $100 or more!

1 A $25 initial deposit is required to open.

Youth Savings Accounts

It's never too early to start saving.

Open a Savings Account when your child is born and start them on the path to a fiscal future. Save with Direct Deposit or stash birthday and holiday checks from family. Your child will learn how to save for something special. School-age children can earn their own money by participating in our Great Grades and Reading Programs.

Health Savings Account

A safety net when you need it most.

A Health Savings Account, or HSA, is an account used to save for qualified medical expenses, offsetting the cost associated with a High Deductible Health Plan. There are many benefits to an HSA, including tax-deductible contributions, tax free distributions and convenient payment by debit card or check. Any money you don’t spend remains in your account and continues to grow.

Club and Escrow AccountsEffortlessly save for whatever you want.

Save at your own pace, and watch your money grow with a Club Account. Putting cash aside for a splurge or a necessity is easy. View your Club Account as part of your online or mobile account summary. Give it a name if you want, too. Then, stay on track by adding funds with automatic payroll deductions or make the deposits yourself. If you're already a member, Open your Club Account online by logging in to Connect-24.

How to Open Your Club Account

To create your Club Account log in to Connect-24 and follow the steps below.

1 Log in to your account in Connect-24.

2 Under “Additional Services,” select “Add an Account.”

3 Once you reach the application screen, again click “Add an Account.”

*Processing a new account may be delayed if additional information is needed.

Club Account Types:

Holiday Club

Funds transfer to Savings in early October and is automatically renewed.

Members' Choice Club

Save for whatever you choose.

Money Manager Club

Save for large expenses.

College Savings Club

Can help you save for your children's education costs.

Escrow and Miscellaneous Club

Save for taxes and escrow on your mortgage.

iSaveSM

Certificate Accounts

Good things come to those who save.

With their favorable fixed rates and guaranteed returns, certificates are a great choice to grow your savings. Innovative features include add-to certificates and withdraw-from certificates, in addition to traditional certificates. Choose a term that's just right for you, ranging from three months to five years. To see the array of certificate choices and special features, click the “View Rates” button.

Money Market Accounts

Secure investing with competitive dividends.

Maintain easy access to your funds while earning higher dividends than with a Traditional Savings Account. This account allows you to securely invest your savings and receive competitive rates.

Money Market:

Investors' Advantage

Minimum to earn dividends*

$2,500

$10,000

$25,000

$50,000

Free Checks**

Yes

Yes

Yes

Yes

Free CAP COM Financial consultation

Yes

Yes

Yes

Yes

* Requires a Checking Account

** Dividends compound and posted monthly

IRA Accounts

Retirement, how sweet it is.

An Individual Retirement Account (IRA) is a dividend-bearing, tax deferred account that may offer tax advantages when the money is deposited for the purpose of saving toward retirement.

Savings:

Min. To Earn APY

Rate

APY*

Youth Account (Minimum $1.00 to open)

$.01 to $2,499.99

0.10

0.10

$2,500.00 to $9,999.99

0.15

0.15

$10,000.00 and over

0.15

0.15

Regular and IRA Savings Accounts

$.01 to $99.99

0.00

0.00

$100.00 to $2,499.99

0.10

0.10

$2,500.00 to $9,999.99

0.15

0.15

$10,000.00 and over

0.15

0.15

Health Savings Account

$.01 to $2,499.99

0.15

0.15

$2,500.00 and over

0.20

0.20

Club and Escrow

$.01 to $99.99

0.00

0.00

$100.00 to $2,499.99

0.10

0.10

$2,500.00 to $9,999.99

0.15

0.15

$10,000.00 and over

0.15

0.15

*Annual Percentage Yield. Rate and APY are variable and are subject to change after the account is opened. APY is accurate as of today‘s date. Minimum to open regular account is $25.00 and minimum to open youth account is $1.00. Minimum to earn the disclosed APY is specified above. Fees and other conditions may reduce earnings.

Certificates:

Special Certificates

Minimum Balance

Rate

APY*

21 Month Monthly Allowance Certificate***

$5,000/$500 for Savings IRA not offered

1.48

1.50

Certificates

Minimum to open and obtain APY

IRA Offered

Rate

APY*

3 Month

$500 for Savings $500 for IRA**

Yes

0.99

1.00

6 Month

$500 for Savings $500 for IRA**

Yes

1.09

1.10

12 Month

$500 for Savings $500 for IRA**

Yes

2.27

2.30

24 Month

$500 for Savings $500 for IRA**

Yes

2.46

2.50

36 Month

$500 for Savings $500 for IRA**

Yes

2.61

2.65

48 Month

$500 for Savings $500 for IRA**

Yes

2.66

2.70

60 Month

$500 for Savings $500 for IRA**

Yes

2.71

2.75

12 Month Lucky Savers****

$25 for Savings

No

2.17

2.20

12 Month iSave**

$100 for Savings

No

2.27

2.30

18 Month iSave**

$100 for Savings

No

2.27

2.30

36 Month iSave**

$100 for Savings

No

2.61

2.65

*Annual Percentage Yield. APY is accurate as of today’s date. Dividends are compounded daily and posted quarterly and fees and other conditions may reduce earnings. Penalties may apply for early withdrawal. Minimum to open and obtain APY for Share Certificates is specified above.

**Minimum balance waived if certificate is payroll deducted. Cash, check and account transfer deposits limited to $30,000 during the term of a non-IRA certificate. No limitation on the amount that can be deposited by payroll deduction (IRAs subject to maximum annual contribution limits).

***One withdrawal each calendar month up to $2,500 may be taken without penalty. One additional withdrawal of any amount may be taken penalty free throughout the term of the certificate. If subsequent withdrawals are made, a penalty may be assessed. A minimum amount of $5,000 is required to open the certificate and a $500 minimum is required to earn dividends.

****As of 7/5/2018 we will no longer be offering new Lucky Savers Certificates and the Lucky Savers Program will be terminated as of 10/1/2018. As of 10/1/2018 all Lucky Savers accounts will be converted to ISave Certificates. Until 10/1/2018 existing Lucky Savers Certificate holders have the option of renewing their certificate into a Lucky Savers account until the Program expires on 10/1/2018.

Additional deposits are allowed to Lucky Savers Certificates and are encouraged in order to receive additional prize entries. One withdrawal is allowed during the term, but a $25 penalty will be assessed. New York law requires that a Lucky Savers Certificate be closed if a subsequent withdrawal is requested and processed during the term. An additional $25 early withdrawal fee will be assesed at the time of closure. Refer to the Lucky Savers Truth-in-Savings Disclosure and Official Lucky Savers Account and Prize Rules for complete program details.

Money Market:

Min. To Earn APY

Rate

APY*

Investors' Advantage Money Market Account**

$.01 to $2,499.99

0.00

0.00

$2,500 to $9,999.99

0.20

0.20

$10,000 to $24,999.99

0.39

0.40

$25,000 to $49,999.99

0.49

0.50

$50,000 and over

0.79

0.80

*Annual Percentage Yield. Rate and APY are variable and are subject to change after the account is opened. APY is accurate as of today‘s date. Minimum to open account is $25.00 and minimum to earn the disclosed APY is specified above. Fees and other conditions may reduce earnings.

**During any month, no more than a total of six (6) preauthorized automatic transfers, checks or ACH debits are allowed from a Money Market Account to a third party. There is no restriction on the number of cash withdrawals that can be made from the account. Dividends paid on full balance in the account based upon the rate that corresponds to the account balance.

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